As it turns out that seems to be the case on these warrants, the company did not seem to do a good enough job by letting it be known that it take ten warrants to buy one share + the $6.50 strike, there were past 10 K's that was suppose to have that info in it, and like you sad they sneaked out a filing on Friday about this reverse split, probably because of the big run up in their stock, I just wish that they would have done a better job of letting that be known, because I called my online broker twice and they could not confirm that there was a 10 warrant for 1 common both times. so if they kept missing it, it could not have been that easy to find.